Lar España Real Estate SOCIMI S A : Resultados FY 2020 – Jueves, 25 de febrero de 2021
February 25, 2021 at 08:23 pm IST
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FY 2020 RESULTS
February
20 21
www.larespana.com
PRESENTING TEAM
Jose Luis del Valle, Chairman of Lar España Board of DirectorsMiguel Pereda, Lar España Board Director & Chairman of Grupo Lar
José Manuel Llovet, Chief Executive Officer of Commercial Real Estate of Grupo Lar
Jon Armentia, Corporate Director and CFO of Lar EspañaHernán San Pedro, Head of I.R. and Corporate Communication of Lar España
2020, A BIG CHALLENGE: OUR STRATEGY + ACTIVE MANAGEMENT= RESILIENCE
> Real estate at a mature stage.
> Economic slowdown, Brexit and pandemic.
> Retail companies worldwide hindered by restrictions on movements, partial closings and complete lockdowns.
> Uncertainty due to delays in starting the recovery phase.
CONTEXT OVERVIEW
> Keep highest health standards.
> Capex halted and any new investments on stand-by. All scheduled refurbishments completed.
>
Balance sheet and cash protection.
> Reinforcement of the strategy, its implementation and communication.
>
Strengthened commitment and relationship with retailers.
OUR MAIN DECISIONS
> Safety measures implemented and health certification.
> Solid balance sheet and cash position.
> c. 100% agreements with retailers already signed and no relevant bankruptcies in tenant mix.
> Maintenance of NOI and occupancy levels.
> Successful disposal of supermarkets portfolio in Feb. 21.
OUR MAIN ACHIVEMENTS
TABLE OF CONTENTS
02.
03.
04.
01.
COVID-19 YEAR,
COVID-19 UPDATE
FY 2020
CLOSING REMARKS &
COMPLEX TIMES
PORTFOLIO SITUATION
RESULTS
NEXT DRIVERS
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Lar España Real Estate SOCIMI SA published this content on 25 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2021 14:52:09 UTC.
Lar Espana Real Estate SOCIMI SA is a Spain-based company primarily engaged in the operation of retail Real Estate Investment Trusts (REITs). The Company specializes in acquiring, managing and renting real estate assets within the Spanish market. Its business activities are divided into three segments: Shopping Centers, Offices, as well as Logistics. The Shopping Centers area is responsible for operation of a number of shopping malls, namely Txingudi, Las Huertas, Albacenter, Anec Blau, Hiper Albacenter, and Nuevo Alisal, among others. The Offices segment invests in office properties, such as Arturo Soria, Cardenal Marcelo Spinola, Egeo and Eloy Gonzalo. The Logistics division focuses on managing logistics warehouses, including Alovera I and Alovera II. The Company also owns a plot for residential properties development. It is a parent of a number of entities, such as Lar Espana Inversion Logistica SA, Gran Via Centrum Holdings SAU, Global Noctua and Puerta Maritima Ondara.
LAR ESPAÑA REAL ESTATE SOCIMI, S.A. 
